Cyber Security insights

The cyber security landscape is constantly changing. As a global organisation, BDO monitors the major incidents and emerging trends in Australia and around the world. BDO Cyber Security Updates will keep you informed – subscribe today to have it delivered directly to your inbox.

February 2019

If you want to plan ahead and learn from last year's cyber security experiences across the globe, this report is a must read. You’ll get insight into key trends witnessed in 2018 and recommendations for 2019. Read the report.

In a review of Q4, BDO warns about the escalation in both the number and severity of attacks, threats and malicious actors targeting the public sector. Our report examines some of these challenges and issues, and analyses the cyber security practices of the public sector in four different countries – Australia, Germany, Israel and the United States. Read the BDO report.

November 2018

In a review of Q3, BDO warns that watchful cyber security attitudes have turned into complacency. The Q3 2018 Cyber Threat Insights report discusses recent cyber security activities including global case studies of notable cyber security breaches during Q3, the malicious activities of nation state actors, a view of attacks against the finance and banking sectors in 2018 and ways to adopt a threat-based cyber approach. Read the BDO report.

Time is running out to complete this year's survey, with responses closing at midnight on Friday, 23 November 2018. By taking part you will gain direct access to our survey report, which contains valuable data for you to compare your business' current cyber security efforts with trends in your industry sector. Complete the survey.

The BDO Global Risk Landscape 2018 report presents insights from more than 500 business executives across 55 countries and a range of sectors, on their perceptions of risk in 2018 and beyond. Read the BDO report.

With the potential for serious financial damage from a cyber security breach, it is vital that CFOs today are aware of their organisation’s cyber security risk profile and take action to put safeguards in place. Read our recommendations of ten things CFOs should do immediately to manage their organisation’s financial risk.

August 2018

The recent cyber attack on Singapore Health Services is an example of the complexities of securing healthcare records. Add to that the recent debate on the security and privacy of the government’s My Health Record, and the warning signals are clear – healthcare providers need to be prepared for data breaches and possible public scrutiny. Read our in-depth article on the SingHealth breach and what that means for Australian healthcare providers. Read the article.

The second quarterly OAIC Notifiable Data Breaches report has been released and healthcare providers were the largest source of reported data breaches (20% of all notifications). For the healthcare industry, 75% of cyber incidents resulting in a breach were due to stolen credentials, phishing or other hacking. Read the OAIC report.

In a review of the first half of 2018, nation-backed cyber-criminal activity stole the spotlight, with Russia and China the most prominent cyber actors. The Q2 2018 Cyber Threat Insights report addresses some of these significant global incidents, including attacks against military/defence targets. The report also features a special report on recent cyber events affecting the healthcare industry, and includes mention of Australia’s PageUp data breach. Read the BDO report.

BDO and AusCERT Cyber Security Survey coming in September

The third annual BDO and AusCERT Cyber Security Survey 2018/2019 opens on September 11 and a link to complete the survey will be sent directly to BDO’s cyber security subscribers. Aimed at key IT security influencers and decision makers in SMEs, not-for-profits and government organisations, the survey is an opportunity for businesses to ask critical questions about their cyber security environment. Read the 2017/2018 survey report.

May 2018

In the first quarter of 2018, cyber security continued to be a growing concern around the globe. We saw a number of cyber incidents, including ransomware attacks, cryptocurrency heists, and the first jackpotting incidents in the U.S. Notable cyber events such as the Olympic Destroyer, the Walmart vendor database leak, and a cyber-attack on the German government, all took place in the first three months of the year. Read the BDO report

In Australia, the Notifiable Data Breaches scheme commenced, with 63 incidents reported to the Office of the Australian Information Commissioner during the first six weeks of operation. Indications were that just over half of the eligible data breach notifications were caused by human error. Read the OAIC report

Cyber security is a special feature in the latest edition of BDO Horizons, highlighting the importance for buyers in mergers and acquisitions to ensure they fully understand both the value of the information assets and the level of cyber threat facing the company they are considering to acquire. Read the BDO Horizons report

The BDO and AusCERT Cyber Security Survey Report 2017/2018 is now available. If you have contacts within your organisation who should receive the report, please share the link. Read the Cyber Security Survey report

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